Allied Properties Real Estate Investment (TSE: AP.UN) In the consensual evaluation of “Buy” by brokerage companies

Allied Properties Real Estate Investment (TSE: AP.UN – Get Rating) received an average “Buy” rating from the eleven brokerage companies that currently cover the shares, Marketbeat reports. One analyst rated the shares with a hold recommendation, and nine appointed a buy recommendation for the company. The average 12-month target price among brokers who have updated their stock coverage over the past year is C $ 50.90.

Several analysts weighed the shares of AP.UN. TD Securities lowered its price target for Allied Properties Real Estate Investment from C $ 53.00 to C $ 52.00 and set a buy rating for the company in a report on Friday (April 29th). Raymond James set a target of C $ 53.00 for shares of Allied Properties Real Estate Investment and gave the company a rating of “superior” in a report on Thursday, April 28. Canaccord Genuity Group downgraded shares of Allied Properties Real Estate Investment to a “hold” rating and set a price target for the shares of C $ 48.00. in a research note on Wednesday, April 6th. Finally, CIBC lowered its target price for shares of Allied Properties Real Estate Investment from C $ 54.00 to C $ 50.00 and set a rating “superior” for the company in a research report on Tuesday, May 17.

In related news, director Michael R. Emory acquired 1,023 shares of the company’s shares in a deal Monday, May 16th. The shares were purchased at an average price of C $ 38.96 per share, with a total value of C $ 39,856.08. Following the acquisition, the director now owns 229,304 shares in the company, valued at approximately C $ 8,933,683.84. In addition, Director Gordon R. Cunningham sold 1,500 shares of the business in a deal on Wednesday (May 4th). The shares were sold at an average price of C $ 41.00 for a total transaction of C $ 61,500.00. Following the deal, the director now owns 16,445 shares of the company worth C $ 674,245.

(Advertising)

Whether you want to learn the basics of futures or are an experienced veterinarian who wants to hone their trading skills, our Technical Analysis Guide has everything you need to succeed in today’s futures markets!

Shares of TSE AP.UN traded up 0.76 Canadian during the trading hours on Friday, reaching 33.78 Canadian dollars. The company has a trading volume of 410,724 shares with an average volume of 225,311. Allied Properties Real Estate Investment has a 52-week low of $ 32.90 and a 52-week high of $ 48.89. The 50-day moving average business price is C $ 39.78 and the 200-day moving average price is C $ 42.84. The shares have a market capitalization of C $ 4.32 billion and a PE ratio of 7.80. The company has a debt-to-equity ratio of 55.19, a fast ratio of 0.13 and a current ratio of 0.89.

Allied Properties real estate investment company profile (Get an estimate)

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in major Canadian cities and (ii) dense urban data centers in Toronto, which form the Canadian Center for Global Connectivity. Allied’s business provides knowledge-based organizations with a distinctive urban environment for creativity and connectivity.

Recommended stories

Analyst Recommendations for Real Estate Investment Allied Properties (TSE: AP.UN)

This instant news alert is generated by narrative scientific technology and financial data from MarketBeat to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Do you need to invest $ 1,000 in Allied Properties Real Estate Investment right now?

Before you consider Allied Properties Real Estate Investment, you will want to hear this.

MarketBeat monitors the highest rated and performing Wall Street analysts and promotions they recommend to their customers on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their customers to buy now, before the wider market catches on … and Allied Properties Real Estate Investment was not on the list.

While Allied Properties Real Estate Investment currently has a “Buy” rating among analysts, the highest rated analysts believe that these five stocks are better purchases.

See the 5 shares here

Leave a Comment

Your email address will not be published.